Monetary Shocks and Inflation Dynamics in the New Keynesian Model
AbstractThis paper demonstrates that imperfect information and gradual learning is a plausible and promising mechanism for generating realistic inflation and output dynamics in the standard new Keynesian model.
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Bibliographic InfoArticle provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.
Volume (Year): 38 (2006)
Issue (Month): 2 (March)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879
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